Special Coverage: COVID-19

Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says

Posted: Jul 14, 2023

Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends. COVID-19’s push toward hybrid work has driven the need for office …

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Caution on States' Credit Quality

Posted: Jul 13, 2023

Caution on States' Credit Quality Leadership ClareCarroll1 Thu, 07/13/2023 - 10:20 Conning recently set a “declining” 2023 outlook on state credit quality, a change from the “stable” outlook it has had since 2021. July 13, 202...

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Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case

Posted: Jul 13, 2023

A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the investment risk posed by a group of hedge funds that collapsed amid market fluctuations caused by the Covid-19 pandemic. US …

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Growth, inflation and interest rate trajectories are diverging: Swiss Re Institute

Posted: Jul 10, 2023

COVID-19 and the war in Ukraine highly impacted the global economic and policy cycles, but now that the base effect of these shocks is fading idiosyncratic domestic factors will regain the main drivers of diverging cycles in the second half of this year, according to the Swiss Re Institute. As growt...

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Growth, inflation and interest rate trajectories are diverging: Swiss Re

Posted: Jul 10, 2023

COVID-19 and the war in Ukraine highly impacted the global economic and policy cycles, but now that the base effect of these shocks is fading idiosyncratic domestic factors will regain the main drivers of diverging cycles in the second half of this year, according to the Swiss Re Institute. As growt...

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Why AI Is a Game Changer

Posted: Jun 26, 2023

Why AI Is a Game Changer AI & Machine Learning ClareCarroll1 Mon, 06/26/2023 - 13:40 Investments in AI are expected to save auto, property, life and health insurers almost $1.3 billion in 2023, up from $300 million in 2019.  J...

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Why Brokers Should Embrace AI

Posted: Jun 26, 2023

Why Brokers Should Embrace AI Agent & Broker ClareCarroll1 Mon, 06/26/2023 - 12:38 AI lets brokers focus on higher-value tasks, provide better service and build more business than they ever thought imaginable. June 26, 2023...

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Data on California Private Self-Insureds’ 2022 Workers’ Comp Claim Experience

Posted: Jun 20, 2023

California workers’ compensation private self-insured claim frequency rose 6% last year as both medical-only and indemnity claim volume increased, but a new report suggests that many of the claims may have been low-cost COVID-19 cases. A California Workers’ Compensation Institute …

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University of Delaware Settles Class Action Over COVID Campus Shutdown

Posted: Jun 20, 2023

The University of Delaware has agreed to pay $6.3 million to settle a lawsuit over its campus shutdown in 2020 and the halting of in-person classes because of the coronavirus pandemic. According to court papers that were filed this month …

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London’s Excel Centre Wins Insurance Ruling on COVID-19 Biz Interruption Losses

Posted: Jun 19, 2023

The owners of London’s ExCel conference center on Friday won a court ruling against insurers, including Royal & Sun Alliance, over pandemic-related losses, which its lawyers said could affect hundreds of thousands of policyholders. London International Exhibition Centre Plc took …

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European insurers embarking on digital transformations to improve customer expectations: ISG

Posted: Jun 15, 2023

A combination of disruptions and changes in customer expectations has forced European insurers to become more resilient, by improving their operational efficiency, their cost effectiveness and their customer focus, in order to continue to grow more sustainably. Research from the Information Services...

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U.S. Food Manufacturers Show 13% Reduction in Workers’ Comp Claims

Posted: Jun 12, 2023

U.S. Food Manufacturers Show 13% Reduction in Workers’ Comp Claims A new report highlights the overall decrease in the total number of injury claims from U.S. food manufacturers post-pandemic. Workers comp claims declined by 13 percent from pre-COVID to ...

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BioNTech Faces First German Lawsuit Over Alleged COVID-19 Vaccine Side Effects

Posted: Jun 12, 2023

BioNTech will go to court on Monday to defend itself against a lawsuit from a German woman who is seeking damages for alleged side effects of its COVID-19 vaccine, the first of potentially hundreds of cases in the country. The …

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Report Looks at Long COVID Claims in California Workers’ Comp

Posted: Jun 12, 2023

Roughly 13% of COVID-19 claims with medical payments received treatments for long COVID symptoms in the workers’ compensation system, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released an updated COVID-19 report, Medical Characteristics of COVID-...

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Texas Insurance Carriers Reported Nearly 100K COVID Claims: DWC Factsheet

Posted: Jun 05, 2023

Texas insurance carriers reported nearly 100,000 COVID-19 claims and 472 fatalities to the Texas Department of Insurance, Division of Workers’ Compensation (DWC), according to a factsheet released this week by DWC. More than two-thirds of all COVID-19 claims (72%) involved …

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Changing Expectations on Mobile Payments

Posted: May 30, 2023

Changing Expectations on Mobile Payments Customer Experience ClareCarroll1 Tue, 05/30/2023 - 21:16 41% of millennials with insurance purchased it with their mobile device, and other generations are moving in that direction, too....

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